Posted in | News | Gold

Zoloto to Participate in Processing of Large Tailings Pile Project

May 20 2014

Zoloto Resources Ltd., has agreed to participate in the processing of a large tailings pile. Analysis indicates that the tailings have up to 142,000 gms (4580 ozs) of recoverable gold.

Zoloto will supply its portable concentrators and mill to process the tailings. Analysis indicates that the grade of gold can be as high as 15 gms per ton and will average a minimum of 5 gms per ton. It will take approximately 12 to 14 months to process this first project. It is projected that based on current gold prices that this initial project will generate $5,954,000
in revenue.

The Company is negotiating to process the tailings in another 5 mining operations without flotation cells. The Zoloto mill also does contract milling for miners who do not have milling capabilities. The Company expects to process gold, silver and copper in Ecuador.

Source:

Zoloto Resources Ltd.

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